Disclosure pursuant to Paragraph (j)(i) of the announcement

  1. Mr Loh was an independent director of Flextech Holdings Ltd (now known as Dragon Group International Limited ("DGIL") from 15 January 2004 to 28 April 2011. Following Mr Loh's resignation, DGIL and its board of directors both present and past (including Mr Loh) were called for questioning by the Commercial Affairs Department ("CAD") in respect of a technical non- compliance of the Companies Act, Chapter 50 of Singapore for a transaction during the period when Mr Loh served on DGIL's board of directors. As there was no dishonesty or fraud on the part of DGIL's board and there were full disclosures made and external professionals appointed for the transaction in question, no charges were proceeded with and the relevant members of DGIL's board (including Mr Loh) received a warning from the CAD in relation to the aforementioned incident.
  2. Mr Loh is an independent director of Vibrant Group Limited ("Vibrant") since 5 November 2003. A special auditor was appointed on 21 August 2018 to investigate into irregularities as well as the assets and accounting records of Blackgold International Holdings Pty Ltd ("Blackgold") and its subsidiaries (collectively, "Blackgold Group"). Blackgold was listed on the Australian Securities Exchange ("ASX") in 2011 and became Vibrant's wholly-owned subsidiary following Vibrant's acquisition in July 2017 and delisted from the ASX thereafter. On 14 August 2019, the SGX-ST issued a regulatory announcement after its review of the special audit report received on 24 January 2019 which uncovered (i) potential significant misstatements in Blackgold's financial statements and (ii) Blackgold management may have potentially falsified accounting records and announced false financial information on ASX when Blackgold was listed. In its announcement, SGX-ST stated that (i) it has reported the accounting irregularities in Blackgold and conduct of Blackgold's statutory auditors to the relevant authorities and (ii) it is concerned about the findings relating to the Blackgold management and therefore require SGX-listed companies to consult it before the appointment of the Blackgold management as a director or key management. Mr Loh was at no time a subject of the special audit. Mr Loh, together with his fellow members of the audit committee and board of directors of Vibrant, oversaw the special audit.

Disclosure pursuant to Paragraph (k) of the announcement

Mr Loh was an independent director of Flextech Holdings Ltd (now known as DGIL) from 15 January 2004 to 28 April 2011. Following Mr Loh's resignation, DGIL and its board of directors both present and past (including Mr Loh) were called for questioning by the CAD in respect of a technical non-compliance of the Companies Act, Chapter 50 of Singapore for a transaction during the period when Mr Loh served on DGIL's board of directors. As there was no dishonesty or fraud on the part of DGIL's board and there were full disclosures made and external professionals appointed for the transaction in question, no charges were proceeded with and the relevant members of DGIL's board (including Mr Loh) received a warning from the CAD in relation to the aforementioned incident.

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